Lionsgate, Starz Swap Stock as John Malone Joins Board

February 11, 2015 3:22 PM

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Lionsgate and Starz have entered into a stock exchange agreement that will see media mogul John Malone join the studio’s board of directors.

Expect tongues to wag on Wall Street given that Malone has a reputation for being an expert consolidator and the two companies have previously been viewed as acquisition targets for each other. A November report from the New York Post said that Starz was looking to sell itself for $5 billion and men...